Bank that opens a straight or negotiable letter of credit and assumes the obligation to pay the bank or beneficiary if the documents presented are in accordance with the terms of the letter of credit.

see Holystone

Line attached to the bottom of the boom used to flatten the sail by pulling the boom down, and thus tightening the luff of the sail. (2) A line used for hauling down a jib or staysail.

Storing on land. Many small boats are placed in dry storage over the winter.

Cruising in shallow water and spending the nights in coves.

A single masted cutter built expressly for the prevention of smuggling and the enforcement of customs regulations.

Load/unload control system that tries to maximize compressor efficiency by matching air delivery and air demand. Compressor is operated at full load or idle.

A law limiting the time in which claims or suits may be instituted.

Flat bottomed vessel with a shallow draught.

Document listing all personal goods of crew members.

The typical winds for a particular region and time of year.

A term applied to a bracket supporting the after end of the propeller shaft and the propeller.

The soft sandstone block sailors use to scrub the deck, so-called, because seamen were on their knees to use it.

A dimensionless flow parameter, ( Jnr/m), in which J is a significant dimension, often a diameter, n is the fluid velocity, r is mass density, and m is dynamic viscosity, all in consistent units.

An instrument that uses sound waves to measure the distance to the bottom.

A compartment on or near the bridge of a ship that contains the steering wheel and other controls, compass, charts, navigating equipment and means of communicating with the engine room and other parts of the ship. Also known as wheelhouse

When used in pricing terms such as "Ex Factory" or "Ex Dock," it signifies that the price quoted applies only at the point of origin indicated.

Estimated account

Floating wreckage from a shipwreck.

An instrument designed to add lubrication into the compressed air line.